Key Points Microsoft announced plans to increase spending on AI infrastructure in the current fiscal year, despite slower growth in its cloud business, indicating that
Key Points: The Farnborough Airshow, one of the industry’s biggest events, concluded without the massive airplane orders that have characterized past years. Instead, the focus
Key Points South Korea’s financial authorities have announced a liquidity support package worth at least 560 billion won ($404.55 million) for small businesses impacted by
Key Points: U.S. Treasury Secretary Janet Yellen emphasized the monumental financial requirement for the global transition to a low-carbon economy, estimating a need for $3
Key Points: General Motors’ self-driving technology unit, Cruise, aims to resume fully autonomous rides later this year and start charging fares by early 2025. Based
Key Points: Tesla CEO Elon Musk recently posted an informal poll on social network X, asking whether his publicly traded automaker should invest $5 billion
Key Points: European Union new car sales increased by 4.3% in June, reaching their highest levels since July 2019. This growth was largely driven by
Key Points The Federal Trade Commission (FTC) has initiated an informal investigation into Amazon’s recent agreement with AI startup Adept. The inquiry seeks additional information
Key Points General Motors’ (GM) ambitious goal of producing 1 million all-electric vehicles (EVs) in North America by the end of 2025 is now in
Key Points Taiwan Semiconductor Manufacturing Co (TSMC), the leading producer of advanced chips for artificial intelligence (AI) applications, is projected to announce a 30% increase
Key Points: Republican lawmakers have called on the Biden administration to conduct an intelligence assessment of Microsoft’s $1.5 billion investment in UAE-based artificial intelligence firm
Key Points: Microsoft (MSFT.O) has successfully negotiated a 20-million-euro ($21.7 million) settlement to address an antitrust complaint regarding its cloud computing licensing practices, thereby avoiding
Key Points: According to a report by The Information on Tuesday, Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended discussions
Key Points: Washington-based startup Gravitics secures a $125 million contract to contribute to Axiom Space’s forthcoming space station, marking a significant milestone in the expanding
Key Points: The U.S. Department of Justice (DOJ) and Boeing have agreed that Boeing will plead guilty to a conspiracy to defraud the U.S. government.
Key Points: Samsung Electronics (005930.KS) is facing a three-day strike by its South Korean workforce, starting Monday, as employees demand better pay and additional annual
Key Points: Chinese electric vehicle (EV) giant BYD has announced the acquisition of a 20% stake in its local distributor, Rever Automotive, in Thailand. This
Key Points: China’s state-backed Global Times has called on the European Union (EU) to demonstrate sincerity in ongoing technical talks before imposing tariffs on Chinese-manufactured
Key Points: A senior executive at Chinese technology giant Huawei, Zhang Ping’an, CEO of Huawei Cloud, dismissed concerns that a shortage of advanced artificial intelligence
Key Points: Microsoft Corp (MSFT.O) has agreed to pay $14 million to settle claims from the California Civil Rights Department that it unlawfully penalized workers
Key Points: Fisker Inc. has requested a bankruptcy judge’s approval to sell more than 3,000 Ocean electric SUVs from its inventory to a vehicle-leasing company
Key Points: Gene Levoff, a former senior lawyer at Apple Inc. (AAPL.O), has been ordered to pay a $1.15 million fine in a U.S. Securities
Key Points: Microsoft is consolidating its retail channels in mainland China, responding to media reports about the potential closure of its network of authorized physical
Key Points: Boeing (BA.N) has agreed to repurchase Spirit AeroSystems (SPR.N) for $4.7 billion in stock, while Airbus will assume control of Spirit’s loss-making Europe-focused
Key Points: Microsoft’s (MSFT.O) partnership with OpenAI and Google’s (GOOGL.O) AI deal with Samsung (005930.KS) are facing potential EU antitrust investigations. Regulators have highlighted exclusivity
Key Points: Premium electric vehicle (EV) manufacturer BeyonCa, supported by Renault and Dongfeng Motor, announced its plans to set up a final assembly plant and
Key Points: Micron Technology (MU.O) experienced a 5% drop in early trading on Thursday after its quarterly revenue forecast failed to meet the lofty expectations
Key Points: Shares of Nvidia (NVDA.O) surged nearly 7% on Tuesday, snapping out of a three-session decline that had wiped approximately $430 billion off the
Key Points: Cisco is expressing strong optimism about its expanding business with Chinese electric vehicle (EV) manufacturers as these companies push their operations overseas, according
Key Points: European Union antitrust regulators have charged Apple with breaching the bloc’s tech rules, which could result in significant fines for the iPhone maker.
Key Points: Meta Platforms, Facebook’s parent company, has reportedly engaged in discussions to integrate its generative AI model into Apple Inc.’s recently announced AI system
Key Points: According to an email seen by Reuters, the U.S. Department of Justice (DOJ) has yet to decide whether to prosecute Boeing (BA.N) for
Key Points: SpaceX has launched a new Starlink satellite internet service addition: a compact Starlink Mini kit, designed for portability and convenience. This new offering
Key Points: UK’s Competition and Markets Authority (CMA) announced on Wednesday that it is investigating the potential competitive impact of Hewlett Packard Enterprise’s (HPE) planned
Key Points: On Tuesday, South Korea’s Taihan Cable & Solution Co. announced that it has successfully secured three consecutive power grid projects in the United
Key Points: Toyota’s chairman, Akio Toyoda, will face discontented shareholders at the upcoming annual meeting on June 18. Two major proxy advisory groups are calling
